st marys, page-2

The Australian market being the crazy gold digger oil rush kind of place pushed the new start up company to well over $3 with no manufacturing and no approvals and no clients.............

The management of course fueled this optimism because that is their job and they employed a MEL based firm to make the manufacturing machines for the 1ml line.

Unfortunately they could not iron out the bugs and produce a fully auromatic 1ml assy line.... end result was the market crashed back down to a low of 11c and the company looked stuffed.

From the ashes the company came in contact with a little USA based company with 30 engineers called IBS who specialised in contract manufacturing of medical devices. they like our products so much they sold their company to us for shares in UNI at 20c.

They went on to produce the current fully automatic 1ml production line and the proof of concept lines for the pre fill.

The real story is the fact that Alan and the team believed in the product and did not give up when they hit the bottom. The stupid OZ market pushed it to stupid heights based on nothing and then when all the proper building blocks were in place have ignored the results (soon to be their loss)

Difference between now and then..........

Prefill line already tested and proven at 1m units
FDA approved product and facility
1ml fully operation automatic line.
Worlds biggest user of the product the exclusive customer
$50m in the bank
etc
etc

It was in my opinion one of the best fighting come backs ive ever seen.